Resources

How Covid changed the role of the Finance Director

by Advanced

The pandemic has accelerated the trend for the Finance Director to become more of a strategic adviser, assuming much of what used to be the Chief Operating Officer role. However, to do that they need to summon up accurate, real-time financial data kept in the Cloud to inform their decision making and guide their strategies.

Leading finance journalist and author Tim Adler (in partnership with Advanced) has written a whitepaper discussing the wide impact Covid-19 is having on the role of finance leaders. Many of the barriers and much of the resistance to digital transformation have been swept away in the last year. In the latest Trends Survey Report from Advanced, more than three quarters of business leaders said one of the legacies of Covid-19 will be to shift their organisation to a digital-first mindset.

The increasingly agile ways of working can empower Finance Directors and their teams. Tim also takes a look at how recent events are creating deeper and more geographically diverse talent pools for finance departments in the UK to draw on.

Share
Was this article helpful?

Related Resources

2024 FX Navigator
whitepapers | Corporate Finance

2024 FX Navigator

1m
Strategic workforce planning: what it is and why it matters
eBook | Corporate Finance

Strategic workforce planning: what it is and why it matters

2m
Rolling Forecasts: How to achieve business agility with dynamic planning
eBook | Corporate Finance

Rolling Forecasts: How to achieve business agility with dynamic planning

2m

Other resources from Advanced

Step-by-step guide to adopting the Cloud in finance
Corporate Finance

Step-by-step guide to adopting the Cloud in finance

1y
Annual business trends report 2022
Banking

Annual business trends report 2022

2y
The Annual Business Trends Report 2021/22

The Annual Business Trends Report 2021/22

2y
Case Study: How the FD of Clockwork Components increased sales by 15%
Digital Transformation

Case Study: How the FD of Clockwork Components increased sales by 15%

7y
Top tips on how to become a 'connected CFO'
Digital Transformation

Top tips on how to become a 'connected CFO'

7y
20 tips to help you grow your business
Digital Transformation

20 tips to help you grow your business

7y
Is it time to upgrade? 8 questions to help you decide
Digital Transformation

Is it time to upgrade? 8 questions to help you decide

7y
Buyer’s guide to finance and accounting software
Digital Transformation

Buyer’s guide to finance and accounting software

7y